FG Nexus Loses $85M+ on Ethereum Treasury Bet
The company bought 50,770 ETH near the $3,860 cycle peak and sold 36,025 of them at roughly $2,330 — a textbook case of buying highs and distributing into weakness.
Market-moving crypto headlines from the last 24 hours.
The company bought 50,770 ETH near the $3,860 cycle peak and sold 36,025 of them at roughly $2,330 — a textbook case of buying highs and distributing into weakness.
Stripe, Visa, Mastercard, and Coinbase are forming a consortium to launch a new stablecoin designed to compete directly…
The $50K June 26 put is now the single most traded bet on Deribit — even with BTC trading well above the strike, the demand for tail-risk insurance at $50K tells the real story.
Three fresh wallets plus an existing accumulator have drained both US venues in under three days — a concentration of exchange outflow that reads as positioning, not rotation.
Mt. Gox creditor wallets have deposited 116.3 BTC — worth approximately $8.16 million at current prices — into…
$700 million worth of crypto long positions were liquidated in just two hours, marking one of the sharpest…
Michael Saylor's Strategy — the publicly traded firm that has made Bitcoin accumulation its core corporate identity —…
Bitcoin has shed 32% of its value year-to-date, with Ethereum faring even worse at a 45% decline over the same period…
$200 billion was wiped from the total crypto market cap in a single 24-hour window, one of the sharpest single-day…
Bitcoin broke below the $63,000 level, marking a sharp leg down that has rattled near-term sentiment across the broader…
The sell-off isn't a crypto-specific story — Presto pins it on gold and AI stocks siphoning capital as traders scale back Fed cut bets, with $1B in spot ETF outflows this week extending a record…
The headline drawdown is the tape; the real story is thirteen straight sessions of US spot ETF outflows plus a Mt. Gox overhang now weighing on a market with no fresh bid catalyst.
More than $1.12 billion in crypto positions were liquidated in a single 24-hour window, with long traders absorbing the…
The 9.50% coupon signals how aggressively Bitmine is leaning into the Ethereum-treasury thesis — preferred stock gives it fresh ammo for ETH buys without a common-stock tap.
Tom Lee's Bitmine, the largest corporate ETH holder, is down 28% in three weeks with 5.4M ether underwater — a stress test for the equity-financed treasury playbook as the broader DAT cohort slips…
Michael Saylor's Strategy — formerly MicroStrategy — is currently sitting on an $8.5 billion unrealized loss on its…
The partnership reclassifies yield as 'activity-based' by routing USDC through Ethena's delta-neutral basis trade — a structural workaround the bank lobby didn't anticipate and may not be able to…
EdgeX, a crypto derivatives exchange, suffered a severe flash crash that wiped 71% off its native token's value…
The three card-network giants already own the on-ramp rails — a shared stablecoin platform collapses the next layer of the payments stack into one consortium.
Bitcoin and Ethereum products together shed more than half a billion dollars on June 3, while the only category still attracting net new money is the year-old Solana product line.